Consulting Firm Advises Europe to Adopt Dual Currencies

With the euro zone debt crisis is far from over, a new strategy has been put forward to alleviate the strain currently faced by households and consumers across the continent.

Consultancy firm Strategic Decisions Groupis urging Europe’s leaders to adopt a dual currency approach as an alternative to the greater fiscal integration that is currently being discussed at EU summits.

Managing director of its Europe and Middle East arm, Mazen Skaf, says that struggling countries should be given the flexibility to introduce national currencies alongside the euro.

“The national currency would be used for payment of public pensions, the salaries of public sector employees and also for domestic transactions,” he told CNBC on Tuesday.

via CNBC

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